▲ | HenryBemis 3 days ago | |
Yes, _but_ (and that is a huge but), I remember some summers ago Erdogan was giving a speech in a village and instead of saying "we have faith in the markets" he said "we have faith in Allah" (not judging, just observing)(it was a time that Turkish Lira was doing very bad, inflation was ruining the country, Erdogan hired his son-in-law to be central banker (or something like that) and that very day Euro took a big dive because of the exposure of Turkish debt, etc etc. Trump (again, not judging, just observing) said "tariffs all around" and markets and currencies crashed a couple of months ago, then recovered, then dropped again, etc. So, "big bets", especially wig margin, require small movements (or small bets with big movements). And getting in debt is never a good idea, because a tweet by Jerom, Kristine, Vladimir, Xi, Putin, Macron, can send you packing and with an extra $200k debt at 20% interest rate, from which th average person will never recover. |